Ungated Post | 29 Jul 2021

European Tourism 2021 – Trends & Prospects (Q2/2021)

The latest quarterly travel forecasts for the European region produced for the European Travel Commission (ETC).

Tourism Economics and the European Travel Commission (ETC) jointly produce quarterly travel forecasts for the European region. Our Q2/2021 report analyses the status quo of the travel and tourism sector in Europe. Additionally, it highlights the Prospects for Recovery from Long-Haul Markets and analyses the immediate and longer-run growth potential by major source market.

European travel demand remained weak in early 2021 as international tourist arrivals dropped 83% in the first quarter of the year compared to the same period in 2020. Improvements in vaccination rates continue to strengthen the upside potential for Europe. We expect travel demand to pick up considerably in the second half of 2021, though international arrivals will remain well below 2019 levels.

Read the report

Our consulting team at Tourism Economics are the world’s leading analysts of the global tourism and travel sector. They combine their expert insight with our state-of-the-art economic models and tools to answer the crucial questions facing our clients. Lead consultants on the project were:

Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.

To find out more about our capabilities, contact:

EMEA
Becky Hindley
+44 (0) 203 910 8148
Email

Americas
Ryan Lynch
+1 646-648-2137
Email

Asia
Michael Shoory
+44 (0) 1865 95 2392
Email

Related Services

Post

Climate Change and Food Prices in Southeast Asia: 2024 Update

This report highlights the vulnerability of food production cost in ASEAN given the impending physical and transition risks of climate change. It also highlights the critical policy response at domestic and international level to support the transition.

Find Out More

Post

Backing Britain’s Small Businesses: Funding Circle’s 2023 Impact

Lending to SMEs by Funding Circle supported a £6.9 billion contribution to UK GDP, sustained over 95,800 jobs, and was associated with activity stimulating £1.6 billion in tax revenues in 2023.

Find Out More

Post

The British Gas Energy Trust: Alleviating the impact of fuel poverty

Oxford Economics were commissioned by British Gas to undertake a social return on investment analysis of the British Gas Energy Trust, a charity which funds interventions to alleviate the detrimental impact of fuel poverty.

Find Out More